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A company reports the following balances: Common Stock Paid - in Capital in Excess of Par Retained Earnings 12/31/2018 $14,000 94,000 69,000 12/31/2019 $160,000 114,000

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A company reports the following balances: Common Stock Paid - in Capital in Excess of Par Retained Earnings 12/31/2018 $14,000 94,000 69,000 12/31/2019 $160,000 114,000 81,000 During 2019, dividends of $16,000 were declared and paid. What is net income for 2019? O A. $28,000 OB. $4,000 O C. $16,000 OD. $12,000

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